The Pectra update, which was activated on May 7, was supposed to indicate a turning point for Ethereum. It combines two main places on paper – Prague and Electra – to improve the implementing layer and consensus. Any architecture, reinforced modularity, promising prospects … and yet the crypto market remains marble. For what?
In short
- Pectra combines Prague and Electra to improve the execution and consensus of the Ethereum.
- The EIP-7251 and 7702 introduce greater efficiency for validators and better UX.
- The crypto market remains indifferent to Pecra, with Ethereum, which stagnates around $ 1,827.
Ethereum Pectra: More efficacy, less diversity?
Pectra is a bit like two updates at the price of one. Prague (implementation) and Electra (consensus) are used, two technical pages that redefine the internal functioning of ETH. Target? Get efficiency, modularity and prepare the field for future developments that will make the Ethereum flexible, faster and, above all compatible with the modern use of Web3. Among the news:
- EIP-7251: Increases the maximum validator bet at 2,048 ETH. Target? Reduce the number of active validators, simplify the network management and strengthen its efficiency. In practice, this change benefits mainly to stakes, with the risk of more centralization of the network.
- EIP-7702: Transforms standard portfolios into quasi-programmable entities. These hybrid accounts promise richer interactions with DAPP without rejecting compatibility with conventional signatures. Real plus for the ecosystem, especially on the UX side.
ETH Price: Flat calm after the announced storm
On the Ethereum market, it still flirts with $ 1,814, without real dynamics. A slight technical increase of 1.36 % is not enough to mask insufficient enthusiasm. Even the more optimistic traders are only considering moving over $ 1,880. The Pectra, which was supposed to encourage the ecosystem, has not yet found its echo on graphics.
The platforms were not mistaken: Binance and Coinbase temporarily suspended transfers during the final deployment of Pectra. Proof of the importance of surgery … but also its complexity. Because for EIPS and technical promises, the general public expects primarily specific use, visible scalability and a decline in costs.
Ethereum progresses, of course. But slowly. While competing networks increase integration, bridges between chains and simplified UX, Ethereum remains in the logic of internal optimization. Effective in the long term, less readable in the short term. Hopefully, the decisive plan of Vitalik Bterin can straighten the slope.
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The world is evolving and adaptation is the best weapon that survives in this undulating universe. I am interested in everything about blockchain and its derivatives. To share my experience and promote an area that fascinates me, nothing better than writing informative and relaxed articles simultaneously.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.
